DO MARKET LISTING AND SIZE ENTAIL BEHAVIOURAL DIFFERENCES?

Bernard Belletante and Bernard Paranque
Additional contact information
Bernard Belletante: EM Lyon

Finance from University Library of Munich, Germany

Abstract: It is possible to study companies according to their methods of gaining access to finance, and in particular the stock market. Two approaches are possible. The first looks at the organisation of such access through the relationships built up by the company with suppliers of capital, enabling the financial territory of the company to be defined. The second approach, which does not exclude the first, is to compare companies according the degree to which they enjoy access to financial markets, which can be defined in terms of whether a company is listed on the stock market or not. Both approaches have been tested using data for recent years. The purpose of this paper is to examine firstly the differences in access to financial markets between large and small companies, and secondly the effects and constraints generated by the fact of being listed (comparison of listed and unlisted companies).

Keywords: sme's; listed; unlisted; IPO; corporate; finance (search for similar items in EconPapers)
JEL-codes: E22 G3 L2 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2000-10-29, Revised 2000-10-29
Note: Type of Document - pdf; prepared on PC; pages: 10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/fin/papers/0004/0004012.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpfi:0004012

Access Statistics for this paper

More papers in Finance from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).